Crunch the Numbers for Your Debt-Free Date

So you want to pay down your debt. Congratulations! Choosing to eliminate debt will not only help your financial situation, it will help you mentally and emotionally, too. Without the stress of monthly payments hanging over your head, you will finally have the mental clarity to begin to shape the life that you want.

But when it comes to repaying your debt, there’s a lot to think about. How much should you pay per month? What about interest rates? How much can you afford to pay? How long will it take to completely eliminate your debt? With answers to questions like these, you’ll gain valuable insights into your debt repayment strategy and what you’ll need to do to accomplish your financial goal of being debt-free.

Our financial calculators are a must-have tool in your debt elimination toolbox. They give you quick answers to your repayment questions and can even help you choose or refine the repayment strategy that’s right for you.

Understanding Financial Calculators

Financial calculators are powerful tools that help you make informed decisions about your finances. These online tools make calculations quickly and accurately, providing you with answers to various financial scenarios and helping you select a repayment strategy that fits your lifestyle and budget. From determining monthly loan payments to estimating savings growth over time, financial calculators provide helpful insights into your overall financial picture.

Let’s find out what you can do today, to get you where you want to be.

Get Ready!

To correctly use a debt calculator, you’ll need to have some basic information available.

• Your current balance(s)
• Your interest rate(s)
• Your minimum payment(s)
• Additional monthly payment (optional)

Get Set!

If you haven’t already done so, take the time to think about how you want to pay off your debt, especially if you have more than one debt to repay. This is called your debt pay-off strategy. Do you want to pay off the highest interest rate debt first using the Avalanche Method? Do you want to pay the lowest balance first using the Snowball Method? Or do you just want to be debt free as soon as possible? If you don’t know the answer, that’s ok. Our calculators can help you choose and refine the strategy that will best fit your needs.

Go! 

Let’s explore your debt repayment options and get your debt-date! *Pro-tip! For the least expensive payoff strategy, choose the highest rate first strategy and use the minimum amount due.

Choosing to eliminate debt is one of the best things you can do for your financial freedom and peace of mind. Congratulations on taking the first step toward a debt-free future!

If you have questions or would like to explore your options further, please connect with our Debt Management Specialists today! Together, we’ll get you where you want to be.

PS. We have calculators for just about anything finance-related! Choose a category and keep exploring!

• Home Financing
• Personal Financing
• Investment